Bayforest Capital Ltd Has $923,000 Stock Position in MasTec, Inc. $MTZ

Bayforest Capital Ltd lowered its position in MasTec, Inc. (NYSE:MTZ) by 15.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,417 shares of the construction company’s stock after selling 1,002 shares during the period. Bayforest Capital Ltd’s holdings in MasTec were worth $923,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LPL Financial LLC increased its position in shares of MasTec by 535.1% in the 1st quarter. LPL Financial LLC now owns 130,314 shares of the construction company’s stock valued at $15,209,000 after buying an additional 109,794 shares in the last quarter. KBC Group NV increased its position in shares of MasTec by 10.6% in the 1st quarter. KBC Group NV now owns 2,773 shares of the construction company’s stock valued at $324,000 after buying an additional 266 shares in the last quarter. Voya Investment Management LLC increased its position in shares of MasTec by 33.1% in the 1st quarter. Voya Investment Management LLC now owns 46,446 shares of the construction company’s stock valued at $5,421,000 after buying an additional 11,551 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of MasTec by 37.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company’s stock valued at $1,915,000 after buying an additional 4,469 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of MasTec by 43.6% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company’s stock valued at $107,000 after buying an additional 278 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Activity

In related news, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the completion of the sale, the chief operating officer directly owned 194,249 shares in the company, valued at approximately $33,993,575. This trade represents a 4.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $190.39, for a total transaction of $571,170.00. Following the completion of the sale, the director owned 35,277 shares of the company’s stock, valued at $6,716,388.03. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $6,553,250 in the last quarter. Corporate insiders own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTZ. Mizuho began coverage on shares of MasTec in a research report on Thursday, September 4th. They issued an “outperform” rating and a $215.00 price objective for the company. Citigroup increased their target price on MasTec from $219.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Stifel Nicolaus increased their target price on MasTec from $198.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday. Barclays reiterated an “overweight” rating and set a $200.00 target price (up previously from $145.00) on shares of MasTec in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their target price on MasTec from $180.00 to $214.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $214.47.

MasTec Price Performance

Shares of NYSE MTZ opened at $203.89 on Tuesday. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 60.32 and a beta of 1.82. The business has a 50-day moving average of $191.39 and a 200-day moving average of $165.65. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $221.83.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.08. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.MasTec’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. As a group, sell-side analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

About MasTec

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.